Energy Transfer - ET Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Energy Transfer in the last twelve months. There are currently 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ET shares.
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7 brokers have issued 12-month price objectives for Energy Transfer's shares. Their ET share price forecasts range from $14.00 to $17.00. On average, they predict the company's stock price to reach $15.50 in the next twelve months. This suggests a possible upside of 32.3% from the stock's current price.
View analysts price targets for ET or view top-rated stocks among Wall Street analysts.

Energy Transfer's stock was trading at $8.23 at the beginning of 2022. Since then, ET stock has increased by 42.4% and is now trading at $11.72.
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Energy Transfer saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 79,560,000 shares, an increase of 11.6% from the October 31st total of 71,300,000 shares. Based on an average daily volume of 19,040,000 shares, the short-interest ratio is currently 4.2 days. Approximately 3.3% of the shares of the company are short sold.
View Energy Transfer's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our ET earnings forecast.

Energy Transfer LP (NYSE:ET) issued its earnings results on Tuesday, November, 1st. The pipeline company reported $0.30 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.30. The pipeline company earned $22.94 billion during the quarter, compared to analyst estimates of $27.57 billion. Energy Transfer had a net margin of 5.02% and a trailing twelve-month return on equity of 13.01%.

Energy Transfer declared a quarterly dividend on Tuesday, October 25th. Stockholders of record on Friday, November 4th will be given a dividend of $0.265 per share on Monday, November 21st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.04%. The ex-dividend date is Thursday, November 3rd. This is a positive change from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for ET.

Energy Transfer (NYSE:ET) pays an annual dividend of $1.06 per share and currently has a dividend yield of 8.88%. ET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 79.11%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ET will have a dividend payout ratio of 79.70% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ET.

Energy Transfer's stock split before market open on Friday, June 13th 2014. The 2-1 split was announced on Tuesday, May 6th 2014. The newly issued shares were issued to shareholders after the market closes on Thursday, June 12th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

109 employees have rated Energy Transfer Chief Executive Officer Kelcy L. Warren on Glassdoor.com. Kelcy L. Warren has an approval rating of 74% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Energy Transfer investors own include Enterprise Products Partners (EPD), AT&T (T), Targa Resources (TRGP), Energy Transfer Equity (ETE), Kinder Morgan (KMI), Exxon Mobil (XOM), AbbVie (ABBV), Pfizer (PFE), Ford Motor (F) and Verizon Communications (VZ).

Energy Transfer trades on the New York Stock Exchange (NYSE) under the ticker symbol "ET."

Energy Transfer's stock is owned by many different institutional and retail investors. Top institutional investors include Blackstone Inc. (5.77%), Tortoise Capital Advisors L.L.C. (1.30%), UBS Group AG (0.96%), Kayne Anderson Capital Advisors LP (0.85%), Energy Income Partners LLC (0.83%) and Abrams Capital Management L.P. (0.71%). Insiders that own company stock include Bradford D Whitehurst, Bradford D Whitehurst, James Richard Perry, Kelcy L Warren, Kelcy L Warren, Marshall S Mccrea III, Matthew S Ramsey, Michael K Grimm, Ray C Davis, Ray W Washburne, Richard D Brannon, Thomas E Long and Thomas P Mason.
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Shares of ET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ET stock can currently be purchased for approximately $11.72.

Energy Transfer (NYSE:ET) has a market capitalization of $36.20 billion and generates $67.42 billion in revenue each year. The pipeline company earns $5.18 billion in net income (profit) each year or $1.34 on an earnings per share basis.

The company employs 12,558 workers across the globe.

Energy Transfer's mailing address is 8111 Westchester Drive Suite 600, DALLAS TX, 75225. The official website for the company is www.energytransfer.com. The pipeline company can be reached via phone at (214) 981-0700, via email at investorrelations@energytransfer.com, or via fax at 214-981-0703.